This glossary covers all the key terms you'll see in the Flippd app, from inventory statuses to financial metrics.

Inventory Statuses

Unlisted -- An item you've acquired but haven't listed for sale yet. This is the default status when you add a new item.
Listed -- An item that's been posted for sale on one or more selling platforms.
Sold -- An item that has been sold. Flippd calculates your profit automatically when you record a sale.
Death Pile -- Unlisted items that have been sitting for 90 or more days without being listed. A signal that inventory needs attention.
Scratch Pile -- Items you bought to flip but ended up recycling, trashing, donating, or writing off. Tracked separately so they don't skew your profit metrics.
Recently Deleted -- Items you've deleted that can still be recovered within a limited time.

Financial Terms

Cost of Goods (COG) -- What you paid to acquire an item. Also called "cost" or "purchase price."
Gross Sales -- The total sale price before any deductions.
Net Profit -- Your actual earnings after subtracting cost of goods, platform fees, shipping costs, and any adjustments.
ROI (Return on Investment) -- How much profit you made relative to what you spent. Calculated as (Net Profit / Cost) x 100%. An ROI of 100% means you doubled your money.
Profit Margin -- How much of the sale price is profit. Calculated as (Net Profit / Sale Price) x 100%.
Platform Fees -- The selling fees charged by platforms like eBay, Poshmark, Mercari, etc. Flippd calculates these automatically based on each platform's fee structure.
Shipping Cost -- What you paid to ship the item to the buyer.
Adjustments -- Any additional costs or credits applied to a sale (e.g., returns, discounts, extra charges).
Cost of Unsold Goods -- The total cost of all items still in your inventory that haven't sold yet.
COGS (Cost of Goods Sold) -- The total cost of all items you've sold in a given period. Used in profit and tax calculations.

YTD (Year to Date) -- Cumulative totals from January 1st through today.
Sell-Through Rate -- The percentage of your listed inventory that has sold within a given time period. Higher is better.
Inventory Aging -- How long items have been in your inventory. Helps identify slow-moving stock.
Average Days to Sell -- The average number of days between acquiring an item and selling it.
Platform Performance -- A breakdown of sales, profit, and volume by selling platform.
Category Performance -- A breakdown of sales and profit by item category.

Profit Calculator -- Enter a cost and sale price to see your estimated profit on a specific platform, accounting for fees.
Price Comparison -- Research what similar items are selling for on different platforms using aggregated market data.

Stock Number -- A unique identifier automatically assigned to each inventory item. Used for labels, QR codes, and search.
SKU (Stock Keeping Unit) -- An optional custom identifier you can assign to items for your own tracking system.
Storage Location -- A named place where you keep inventory (e.g., "Garage Shelf A", "Closet 2"). Helps you find items quickly.
QR Code -- A scannable code linked to an item or storage location. Scan it with your phone camera to jump directly to that item or location.
Bulk Edit -- Edit multiple inventory items at once, such as changing their status, category, or storage location.
CSV Import -- Import inventory data from a spreadsheet (CSV file) instead of adding items one at a time.
Custom Fields -- User-defined fields you can add to inventory items for tracking information specific to your business.
Quantity -- The number of units for a single inventory record. Useful when you buy items in lots.

Business Expense -- A cost related to your reselling business, such as supplies, shipping materials, or software subscriptions.
Recurring Expense -- An expense that repeats on a schedule (weekly, monthly, yearly), like rent or subscription fees.
Mileage Deduction -- The IRS-standard rate per mile driven for business purposes. Flippd tracks your trips and calculates the deduction.
Auto-Trip Detection -- A feature that automatically detects when you're driving and logs the trip for mileage tracking.

Manual Goal -- A goal you create yourself with a custom target and timeframe.
Managed Goal (Suggested Goal) -- A goal automatically generated by Flippd's AI engine based on your selling history and patterns.
Goal Categories -- The five areas goals can target: Sales, Death Pile, Inventory Health, Efficiency, and Consistency.
Difficulty Level -- How challenging a goal is: Easy, Medium, or Hard. Higher difficulty goals earn more points.

Free Tier -- The basic Flippd plan with limited features, available at no cost.
Platform -- A marketplace where you sell items, such as eBay, Poshmark, Mercari, Facebook Marketplace, Depop, etc.
Family Sharing -- Apple's feature that lets one subscriber share their Flippd subscription with up to 5 family members.
Data Sync -- The process of keeping your Flippd data consistent across all your devices via cloud storage.